- Oil rises for the second day on hopes of Saudi-Russia output deal
- Bond market disappointed with borrowing plan of Centre, states
- SBI MF becomes largest fund house with average assets of Rs 3.74 trn
- FPI investment limits rise in stocks after govt decision on sectoral caps
- Nifty posts 6.7% weekly drop as investors continue to fret over Covid-19
- Coronavirus outbreak eats into stock valuations, market plunges 34%
- Malaysia plant boosts Biocon prospects in US and other key markets
- HUL pips HDFC Bank to 3rd spot in market capitalisation; RIL remains on top
- Investor wealth erodes Rs 4.82 trn as Covid-19 cases continue to spike
- RBI shortens forex, money market trading hours amid coronavirus lockdown
F&O expiry: Sensex slips 143 pts, Nifty ends at 11,633; pharma stocks gain
All that happened in markets today
Fears of coronavirus turning into a pandemic owing to rapid spread of the deadly virus outside China unnerved market participants on Thursday, thus causing benchmark indices to end in the red for the fifth consecutive session. Further, expiry of futures & options (F&O) contracts for February series, too, added volatility to the stocks.
The S&P BSE Sensex lost another 143 points or 0.36 per cent to settle at 39,746, with ONGC (down over 2.5 per cent) being the top loser and Sun Pharma (up over 3.5 per cent) the biggest gainer. Of 30 stocks in the index, 20 ended in the negative territory and rest 10 in the green. NSE's Nifty index ended at 11,633 levels, down 45 points or 0.39 per cent.
Market breadth was tilted in favour of declines as out of 2,589 companies traded on the BSE, 1,578 declined and 849 advanced while 162 remained unchanged.
In the broader market, the S&P BSE MidCap index fell 0.65 per cent to close the session at 15,072 while the S&P BSE SmallCap index lost 120 points or 0.83 per cent to close at 14,209.
Among sectoral indices, barring Pharma and FMCG, all the other indices ended in the red with media and PSU Bank stocks taking the biggest knock. Nifty PSU Bank index dropped over 2 per cent to 2,049 levels. Nifty Pharma index gained over half a per cent to 7,885 levels while Nifty FMCG ended at 29,981, up 0.05 per cent.
Stocks sunk deeper into the red on Thursday, oil prices fell and US Treasuries rallied into record territory as more signs of the global spread of the coronavirus heightened fears of a pandemic. E-mini futures for the S&P 500 were down 1.4 per cent and Europe appears set for a catch-up slump. EuroSTOXX 50 futures fell 2.7 per cent and FTSE futures skidded 2.3 per cent. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.5 per cent and is down more than 4 per cent for the week.
In commodities, oil, sensitive to global growth given the vast energy consumption in a many countries, fell more than 1 per cent to its cheapest in over a year.
(With inputs from Reuters)